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The Central Bank of Nigeria has announced new guidelines on its recapitalisation policy for banks in the country. The new guidelines were disclosed in a statement signed by its Acting Director, Corporate Communications, Sidi Ali, in Abuja on Thursday. She said the apex bank had directed commercial banks with international authorisation to increase their capital base to N500bn and national ...
Business
March, 2024
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26 March
Binance boss escape annoys Tinubu, orders INTERPOL manhunt
The are indications that President of the Federal Republic of Nigeria, Bola Tinubu is verily unhappy about escape of one of the detained executives of a global crypto-currency firm, Binance, Nadeem Anjarwalla. The crypto-currency guru, was detained, alongside others on the order of the National Security Adviser, Nuhu Ribadu. He escaped from lawful custody on Friday. The suspect escaped while ...
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26 March
Kaduna gov opens up Ransom Payment to released Kuriga Pulpils
Governor Uba Sani of Kaduna State has stated that the argument over the payment of ransom to free the abducted Kuriga students is irrelevant. The governor disclosed this while speaking on Channel Television’s Sunday Politics, adding that what was important was the fact that the government had been able to rescue all of them unhurt. The schoolchildren were abducted from ...
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26 March
Students Die In Stampede During Rice Palliative Distribution
Barely two weeks after seven personss die in stampede as customs sells seized rice At least two female students of the Nasarawa State University, Keffi, lost their lives following a stampede at the university’s convocation square on Friday morning.… The convocation square was used as venue for the distribution of palliatives to the students by the Nasarawa State government. An ...
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25 March
Ramadan: Nasiru Danu Donates Cartons of Noodles To University Students
The chairman/CEO of Nasiru Danu Foundation, Alhaji Nasiru Danu, on Saturday, donated 500 cartons of noodles to the students of the University of Abuja, UNIABUJA, the foundation had previously donated 500 cartoons of noodles to the students of Federal University, Dutse, Jigawa State. Alhaji Danu handed over the cartons of noodles to the Vice-Chancellor of UNIABUJA, AbdulRasheed Na’Allah, at the ...
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25 March
Behold, the 5 new elite directors at First Bank
Until February 2023, Mr. Adeeyo was the Chairman, AXA Mansard Insurance Plc and had previously served on the board of other reputable companies Including, Central Securities and Clearing Company Plc and Viathan Engineering Limited, among others. Mr. Adeeyo’s banking career started at the Corporate Banking Department of the Nigerian International Bank (Citibank) and was later moved to the reconstituted Treasury ...
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16 March
Customs Intercepts Arms, Military Uniform At Lagos Port
The Tin-Can Island Command of the Nigeria Customs have intercepted a catche of arms and ammunition allegedly being smuggled into the country by some criminal gang. Among items intercepted are military camouflage and illicit drugs such as Colorado.The arms recovered include automatic single barrel rifles and pump action guns. Though, details of the interception is still sketchy as at press ...
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14 March
How Herbert Wigwe and Aigboje Aig-Imoukhuede Took Over Access Bank
Unknown to many Access Bank was founded by Chief Omole and the bank was already listed on the Stock Exchange before, young guys move in. Ministry of Finance Confirms to YOUNEWS that Omole was the Initial Owner of Access Bank. He was granted the licence in 1988. Pa Lawrence Omole, is the Ijesha cocoa Merchant founder who also founded Trophy ...
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14 March
ECOWAS back down on Coup leaders, Tinubu opens Niger border
President Bola Tinubu has ordered the re-opening of Nigeria’s land and air borders with the Republic of Niger and the lifting of other sanctions against the country with immediate effect. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale disclosed this in a statement on Wednesday, March 13. He said the directive is in compliance with the ...
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13 March
Lawyer shot dead after delivering Ransom to kidnappers
A senior lawyer in Enugu State, Barr Eli Ugwu has been shot dead. The incident has thrown the entire people of Nsukka into deep agony. Available information shows that the legal practitioner was shot dead in Kogi State shortly after delivering ransom to kidnappers who abducted his cousin. There are, however, controversies trailing his death. Initial claims had said he ...
